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Labor Market & Job Market Beat-Research (h.meligy@beta- research.org)

Labor market versus job market

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Page 1: Labor market versus  job market

Labor Market & Job MarketBeat-Research ([email protected])

Page 2: Labor market versus  job market

The concept of Job market refers to the more immediate demand/supply matching transaction between employers and job seekers, i.e., employers filling their current job needs and individuals seeking and accepting job offers. This is an important aspect but does not define the larger set of labor market transactions and flows;

Job Market

Page 3: Labor market versus  job market

The term Labor Market refers to the “entire set of interlinked institutions and processes that determine the flows of job opportunities and manpower [labor supply] in both the short and the long run.” [Yavitz, Morse, and Dutka 1973]

Labor Market

Page 4: Labor market versus  job market

Balance

Demand

Government & Policies Employers Seekers

Labor market structure

Page 5: Labor market versus  job market

Labor Market Technical Vocational Process Modeling and Re-engineering Innovation Research Market Studies Sector Studies Private Equity

Beta-Research

Hassan [email protected]